The global Microbial Enhanced Oil Recovery market generated USD 1.27 Billion revenue in 2023 and is projected to grow at a CAGR of 10.52% from 2024 to 2033. The market is expected to reach USD 3.45 Billion by 2033. The increasing oil demand will influence the growth of the global microbial-enhanced oil recovery (MEOR) market as the world’s population increases and industries continue to grow, as well as a better perception of the advantages of this type of recovery amongst stakeholders.
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